Salmon River Resources Ltd.

Salmon River Resources Ltd.

February 22, 2012 17:30 ET

Salmon River Renews Investor Relations Agreement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 22, 2012) - Salmon River Resources Ltd. (TSX VENTURE:SAL) ("Salmon River") is pleased to announce that it has renewed its agreement with Investor Cubed Inc. ("ICI") to provide investor relations and shareholder communications services March 1, 2012. ICI's primary responsibilities will be to manage communications on behalf of Salmon River with investors, investment advisors, research analysts and other investment professionals.

ICI will provide its services on a consulting basis pursuant to an investor relations consulting agreement dated March 1, 2012, pursuant to which it will receive consulting fees totalling $5,000 per month for a term of six months, funded from Salmon River's working capital. In addition, ICI has been granted options to purchase 150,000 shares of Salmon River at a price of forty cents ($0.30) per share until March 1, 2017. The options will vest quarterly and will be governed by the provisions of Salmon River's stock option plan, provided however, and subject to regulatory approval, that if Salmon River is subject to a take-over resulting in a change of the controlling interest in Salmon River, any unvested options shall vest immediately.

About Investor Cubed

ICI is a Toronto-based consulting firm that provides specialized investor relations and business consulting services to a select group of leading emerging and mid-capitalization public companies. ICI has an established national network of financial industry professionals including investment advisors, bank owned investment dealers and leading independent financial firms. In addition, ICI introduces and manages national online and off-line marketing initiatives. ICI does not presently own any shares of Salmon River but may in the future acquire shares of Salmon River for investment purposes.

About Salmon River Resources Ltd.

Salmon River Resources Limited is a mineral exploration company engaged in the exploration for and development of commercial deposits of iron ore in Western Australia. It exercised its option to acquire five tenements in the Yilgarn region of Western Australia including the Treppo Grande iron ore project, approximately 210 kilometres northwest of Kalgoorlie, comprising two tenements covering Mt Manning (298 km2) and the Barlee tenement (98.7 km2). Completion of the acquisition of the tenements is subject to certain conditions, including payment of AUD$100 million to the optionor. Salmon River believes the Treppo Grande project has the potential to be a world-class iron ore deposit with early development potential. The shares of Salmon River are listed on the TSX Venture Exchange under the symbol "SAL". For further information see our website at

Forward-Looking Statements: Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Company's periodic filings with Canadian securities regulatory authorities. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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